A month after confirming it was cutting jobs affecting about 1.5% of its workforce, Rivian is additionally laying off 600 employees, marking the fifth layoff in less than two years.
The latest cut was first reported by The Wall Street Journal, citing people familiar with the matter.
Speaking with Bloomberg, another internal source said the layoffs will affect commercial roles across servicing and sales departments.
Considering the 15,000 employees reported by the end of 2024, the 600 jobs cut represent about 4% of the company’s staff.
In June, Rivian also laid off about 140 employees, or roughly 1% of its workforce, citing process inefficiencies.
In 2024, it had eliminated about 10% of jobs in February, followed by a further 1% reduction in April.
In previous layoff rounds, the company said affected employees are eligible for rehire and encouraged to apply for open positions.
However, approached by the WSJ and Bloomberg, and as of press time, the company has not commented on the news.
The company, which has a record industry-wide cumulative loss of over $22 billion, justifies the several job cuts as cost-reducing measures.
The EV maker’s outlook hinges increasingly on the successful execution and timely ramp of its forthcoming R2 model, which is planned to begin deliveries in the first half of 2026.
According to the WSJ, Rivian has previously said it has enough money to launch the R2, for which it is expecting higher demand, despite losing an additional $1.1 billion in the second quarter.
The model will be produced in both its main Normal plant and the upcoming Georgia factory, for which construction has recently begun.
Earlier this month, CFRA analyst Garrett Nelson said Rivian‘s cash burn rates are “highly concerning,” with the construction of a new plant in Georgia acting “as an even greater drag on free cash flow.”
Rivian reported quarterly deliveries in the beginning of October, which were its best quarterly results year to date.
However, after reaffirming its annual guidance of 40,000 to 46,000 vehicles in mid-September, Rivian readjusted it to between 41,500 and 43,500 units — raising demand concerns among investors.
